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Stocks surge...Will rate cut be enough?...French authorities face decision

By The Associated Press | Posted - Aug. 25, 2015 at 8:01 a.m.



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NEW YORK (AP) — U.S. stocks are surging higher after China's central bank cut interest rates to support its economy. The Dow industrials have been more than 300 points higher in early trading. That makes up more than half of yesterday's 588-point decline, which came on fears about a slowdown in China's economy. Global markets have also rebounded today.

LONDON (AP) — One expert says China's interest rate cuts won't be enough to ease concerns about that country's economy. Kamel Mellahi is a professor at Warwick Business School in Britain. He says China's economy will "be on this bumpy road for a while" -- with ups and downs that will "have a serious impact on the global economy."

PARIS (AP) — French judicial authorities are nearing a deadline to decide on what charges to file against a gunman in the attack on a high-speed train that was thwarted by three American friends and a British businessman. Under French law, authorities have until later today to decide on charges against Ayoub El-Khazzani, who is accused of trying to attack the train from Amsterdam to Paris. He has been in custody since Friday evening.

BOSTON (AP) — A juror in the trial of Boston Marathon bomber Dzhokhar Tsarnaev (joh-HAHR' tsahr-NEYE'-ehv) says he probably would not have voted for the death penalty had he known that the families of some victims preferred a life sentence. Kevin Fagan's comments yesterday in a radio interview (with WBUR-FM) came on the same day a federal judge rejected a motion by The Boston Globe to publicly release the names of all jurors. Fagan is believed to be the first juror to speak publicly using his name.

WASHINGTON (AP) — A key housing index shows that U.S. home prices rose solidly in June, another sign of renewed health in the housing market. The Standard & Poor's/Case-Shiller 20-city home price index rose 5 percent from a year earlier. Strong sales are lifting prices. The National Association of Realtors said last week that sales of existing homes rose 2 percent in July.

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The Associated Press

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